Published on August 4th, 2023 | by Sounder Rajen0
Study Suggests Charging AN EV Costs More Than Filling Up An ICE Car With Petrol
It costs as little as RM44.55 per 161km in ICE cars but a minimum of RM72.67 for an EV
So by now, common knowledge would dictate that driving an EV will not only save the environment, but also one’s wallet as it is more economical. Well, this study says differently. Let’s explore.
Apparently, charging an EV is not, I repeat, NOT, in fact, cheaper than filling up an internal combustion engine (ICE) car. While most people certainly think otherwise, an intriguing study has revealed that per 100 miles (about 161km) driven, there are actually plenty of ICE vehicles that are cheaper to fill up than charging its EV alternative in the U.S.
Moreover, an analysis from Anderson Economic Group says that entry-level cars and crossovers cost on average USD9.78 (RM44.55) per 100 purposeful miles that can be driven. These numbers were yielded from testing ICE vehicles like the Nissan Versa, Honda Civic, Hyundai Elantra, Subaru Impreza, and Mitsubishi Mirage.
By comparison, entry-level EVs like the Nissan Leaf and Chevrolet Bolt, when charged mostly at home, provide on average 100 miles of range for every USD12.55 (RM57.11) spent charging. Entry-level EVs charged at charging stations, on the other hand, cost USD15.97 (RM72.67) per 100 miles. Well, apparently ICE is still the way to go if you care about savings.
On top of that, it is a similar story in the mid-range segments as well with cars like the Honda Accord, and Subaru Outback typically costing about USD11.08 (RM50.42) to fill up per 100 miles while rival EVs like the Kia EV6, and Ford Mustang Mach E at home typically cost USD12.62 (RM57.43) or USD16.10 (RM73.26) per 100 miles when charged at a station.
However, the luxury segment is where an EV actually make sense as filling up a typical ICE car like the BMW 5-Series, Porsche Macan, and Audi A6 costs an average of USD17.56 (RM79.91), a luxury EV like the Porsche Taycan, or Polestar 2 costs an average of USD13.50 (RM61.43) per 100 miles of range charging at home increasing to USD17.81 (RM81.04) if charged at a station.
As for pickup trucks, the Anderson Economic Group says an ICE truck typically costs USD17.10 (RM77.81) to fill up with diesel per 100 miles while an EV pickup charged at home costs about USD17.72 (RM80.63) per 100 miles. Charging an EV truck at a station costs an average of USD26.38 (RM120.04) per 100 miles of range.